NO if you have the latest firmware , and you Panic, RTH is great, It goes up to default 66 feet and then fly's right over your head and will land it in front of you - great for anxiety relief --
I noticed the same thing on this forum. A heck of a lot of pilots use the term "Fly Away". I think the term "Fly Away" began in the days of the Phantoms. The early models (version 1) would lose connection and get confused and never come back.
When I see people post "Fly Away" with regards to the Typhoon H, I take it as meaning that they lost control of it and it crashed. In the year 2016 drones really don't "Fly Away" if they are connected to a remote controller. Drones do, however, fly away when they are not connected to a controller and there is a compass error. Hitting RTH in such a case should do nothing (because the controller is not connected). The drone itself will fly away because the failsafe kicks in and it can't find home due to the compass error, so it heads off in the direction it believes is home or it just decides to land or hover where it is until the battery dies (like over water).
All of the above to say... If you have a true "Fly Away" meaning you've lost 100% connection between the drone and the controller, then hitting RTH will do nothing.
If you go on the Phantom forums, when people say Fly Away, we all no that in reality it means the pilot has lost control of the drone for whatever reason.
What it looks like that most term as "fly away", is if the drone takes off into a direction without that specific stick input.
Almost seeming to be like an autonomous flight control kicking in. For me, this seems to be the scariest circumstance to be in.
I know it is not a common thing, but I have read of people flying to where it seemed that nothing was wrong and all of the sudden the drone just keeps flying in a somewhat straight line until it crashes into something. Almost like it lost connection.
My point was that if for some reason the drone loses connection or the flight controller decides that the drone should "take flight," this would be a sign that the FC is disoriented and engaging RTH could possibly make things worse. If the drone is malfunctioning and is having intermittent connection with the controller (and/or satellites), turning on RTH could be what is causing some drones to shoot off into another direction, thinking that "home" is somewhere else.
I realize that if the drone has a bad connection with the controller, it will probably not even receive the RTH signal, nor the gps off signal.
However, if it all possible, it would seem like turning off the GPS would help put the drone into almost a complete manual mode.
Therefore shutting down any automatic controls the flight controller may be instilling.
I may be wrong about this concerning this particular drone, but I used to fly Lumenier QAV500s and it was always a smart idea to have a switch programmed to turn off all flight assist modes and return everything to manual, just in case you made an error while programming some the FC parameters. Otherwise, your drone could start doing some crazy things.